The markets saw a week of mild corrective movement as Nifty traded in a slightly downward-biased consolidation phase and ended the week on a negative note. The index oscillated in a 485-point range, between 26,178.70 and 25,693.25. Despite a supportive backdrop from the Fed with a 0.25% rate cut, and breadth deterioration pausing, the index faced resistance near recent highs. India VIX declined by -2.01% to 10.11, reflecting continued complacency and low hedging demand. Nifty ended the week with a mild loss of 139.50 points or -0.53%.The broader structure of the Nifty remains bullish, yet the index is navigating a key inflection zone. It continues to hover above the falling trendline, encountering resistance near 26,150–26,200. The ongoing price action reflects hesitation in decisively cle
Dalal Street Week Ahead: Nifty seen consolidating further before next directional move
The Economy Times3 hrs ago
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